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this seems like a takeover attempt by current hedge funds investors or CEO and CFO found job somewhere else!
it's been over a year my strong sideline continues!
6-7 million $ a quarter loss they will be out of cash using all 20 ish million $ again by end of this year!
they will have to sell more stocks and raise more capital by end of this year.
strong sideline continues!
I may take an entry after knowing the offering price and someone actually giving them 25 million $ cash. that 25 million $ cash will be the last money injection needed for them to survive if they play it well!
sideline continues!
The Great Sam is buying, BUY BUY BUY!
I am staying on sideline, watching you make money this time!
Delcath says please leave us alone, we have 20 million in the bank, stop buying our crap.Thank you.
so bounce or no bounce?
well let's see how it goes, I have very minimum expectations!
haha could turn into 500 or 300 in a matter of minutes
I took 1000$ risk for tomorrow's ER!
looks like new investors are getting itchy to sell their stocks asap!
you should also enjoy their shiny new website as an ultra long investor!
Enjoy that's their RS gift to shareholders!
http://delcath.com/about-us/
cheers to no position, that's way much better situation to be in right now.
well we shall see, the movement has already started.
Monday will be brutal or Euphoric.
In either case you could be right, question remains who buys this dead horse in pink sheets with an amazing history of losing it all kind of outcomes?
here we go, it's that time of year in delcath arena.
RS will help new investors start selling.
Expect volatility, best time to trade will be next week!
unstoppable printing press!
speaking of Nasdaq promise, in the last reverse split filing of year 2018.
this was written in Feb 14th, 2018 PRE 14A. that the reason they want to RS is they want to go to Nasdaq it's been only 18 months and here we go, one more RS but no Nasdaq.
In determining which reverse stock split ratio to implement, if any, following receipt of stockholder approval, the Board of Directors may consider,
among other things, various factors, such as:
• the historical trading price and trading volume of our Common Stock;
• the then-prevailing trading price and trading volume of our Common Stock and the expected impact of the reverse stock split on the trading
market for our Common Stock in the short- and long-term;
• our ability to possibly regain our listing on The NASDAQ Capital Market;
• which reverse stock split ratio would result in the least administrative cost to us; and
• prevailing general market and economic conditions.
well well well, just another RS in delcath arena.
question is who will still buy this knowing all the 2022 promises which will turn in to 2025 before you know it.
my own version of interpretation is that with these raised money they have runway till summer of 2020, based on 2 million $ loss per month, unless that changes with increased demand in Europe and some how they can increase Medac revenue. NDA filing in expected last quarter of 2020. what that mean in my opinion is with this current set up they will need to raise more money next summer. in these next 6-8 months they may launch back on Nasdaq as advertised.my conclusion strong sidelines continues if I am looking for investment perspective.
Trading wise these will be lots of opportunities to make or lose money.
some money making catalysts that I see are
1) RS bounce(before or after) this very well may be the before RS bounce
2) full enrollment announcement
3) Nasdaq launch announcement(timeline) etc etc
etc etc.
as of right now I am on strong sideline mode!
Congratulations to whoever is making money!
today it did bounce before ER came out almost like someone told someone, seems like insider trading to me(A note to you SEC, if you are reading this), remember this animal is known for it's corrupt behaviors.
thousands of people will also agree with what I am saying here.
Six months ended June 30, 2019 and June 30, 2018
Revenue
The Company recorded approximately $0.3 million in revenue related to product sales for the six months ended June 30, 2019 and $1.6 million in revenue
related to product sales for the six months ended June 30, 2018. The decrease was slightly offset by $0.4 million in other revenue. Other revenue and the
decrease in product revenue are both related to the Company entering into a licensing agreement with medac as discussed further in the Market Access and
Commercial Clinical Adoption section above.
There is a zero motivation to be back again in the game till they give more clarity. strong sidelines.
May be Altium has been brought to RS and launch company back on to better place than pink sheet market, may be Nasdaq, no one will buy a single stock on this pink sheets Altium and Jenny both are on same page, my guess.
why would Altium spend 20 million $? the answer is to sell stocks at higher price.
Altium is a new dog in the game now.
history says when you are in full force on IHUB to make people sell it does 300-400% bounce in next couple of weeks.
answering in the context of your comment.
"Best to sell now and put the money to use someplace better.
"
WHERE IS THE BANKRUPTCY THAT YOU DECLARED IT'S COMING LAST YEAR.
you're like Jenny she keeps on saying FDA approval may be and you be like bankruptcy may be.
FYI,
I am on sideline watching the show, not invested at all, my exit was around 0.24$ and have not came back yet.
are we bankrupt yet?
“This capital investment is our
most significant financing in two years. With this transaction we have positioned the Company to complete enrollment for the Registration trial in ocular
melanoma liver metastases, which we believe may be able to release top line data in 2020. We have worked very closely with fundamental investors
who believe in our therapy and the potential it represents in ocular melanoma.
Mr.expert the who declared bankruptcy is coming 18 months ago, give us the math on your 333 million OS after conversion.
the deadlock has been broken with this new cash that's all I know, question is who trusted them with 20 million $$??
Jackpot!
Delcath Systems, Inc. (“Delcath,” the “Company”, “we”, “our” or “us”) (OTCPK: DCTH) today announced that it has entered into a definitive agreement for gross proceeds of approximately $20 million at a combined price of $1,000 per Unit. Each Unit consists of one preferred share initially convertible into 16,667 shares of common stock at an initial conversion price of $0.06 per share and a common stock purchase warrant. Each whole warrant entitles the holder to purchase one share of common stock at an initial exercise price of $0.06 for a period of five years from the date of the Company’s anticipated reverse stock split.
Roth Capital Partners is acting as the sole placement agent for the offering. After the placement agent fees and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $18.35 million. The offering is expected to close on July 15, 2019, subject to customary closing conditions.
Medac deal is real and they are legally hiding details of deal!
game twister probably
The deadlock continues, it's impossible to break it without burning 1 more bridge, last time they burned retails bridge(RS vote) after that HB bridge then again retails(subs) and now another hedge funds.
She skipped this round of ER too looks like it!
no financial info since last 7 months!
just a guess, that's how it seems to be happening.
I think if this was the case it will happen faster not at the end of year.
remember everyone is corrupt company ,new investors, old investors, hedge funds. only innocents are/were the retails who are always being played with half to no info.
I say they are gearing up bankruptcy in a way where those hedfunds can not get a dime out of it.
and they will wipe everything they have right now either take it private or come back with different entity.
this is their normal method of starting clean every 2 years.
https://clinicaltrials.gov/ct2/show/NCT02678572?spons=delcath&rank=3
latest changes on trial tracking on lots of locations says.
Withdrawn, terminated or suspended.
Explains cash crunch.
How will they break the deadlock that's the question.
will she file next quarterly report by this 15th May or it's business as usual doing nothing?
seems like company wants it self to default and let it go to borrowers intentionally!
This dead lock can not be solved, Delcath time of death 05/02/2019 at 5 PM EST.
Item 1.01.
Entry into a Material Definitive Agreement.
On April 26, 2019, Delcath Systems, Inc. (the “Company”) borrowed $920,000 from two institutional investors and issued promissory notes to those investors. The promissory notes have a principal amount of $920,000, bear interest at the rate of 8% per annum and are due on October 26, 2019. The note contains standard events of default and remedies therefor. The Company’s obligations under the promissory note to the institutional investor are secured by a lien on the Company’s assets.
Item 2.03
Creation of a Direct Financial Obligation
See Item 1.01 above.
Item 2.04.
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On April 24, 2019, the Company received a notice of default with regard to the 8% Senior Secured Convertible Notes due March 21,2019 (the “2019 Notes”) and the 8% Senior Secured Notes due March 21, 2020 (the “2020 Notes”) held by District 2 Capital Fund LP (“District Capital”) and Bigger Capital Fund, LP (“Bigger Capital”) with respect to specified defaults. The notice states that District Capital and Bigger Capital have opted to accelerate those Notes at the Default Amount as defined in those notes.
if you are financial expert you know what should happen to CFO when they accidentally print unlimited warrants!!
it's not about valuation it's about uneducated people doing same mistakes again and again.
Fire them and see how the company turns around!
keep them and see the same mistake happening again and again and again.
since no one is taking your side and you sound angry, let me take your side in a different perspective.
You don't need to share your position but this is my way of looking at money making possibilities or losing it all in this game.
who has chance in the event here,
people with 1$ or less average have may be chance
people with 1.75$ or less average have very unlikely chance
people with 2.5$ or less average have once in a blue moon chance
people with 5$ or less average have too much money to gamble
people with 10$ or less average have become day dreamer
people with 20$ or less average should never look back
I was at 0.56$ average and gave up, it's that bad looking.
In the event will an investor lose like 200-300% gain sure.
if the event is real will an investor make 200-300% more even if I am late to party?
most likely
Will the company be BO at 10$ and will an investor miss it all? ZERO chance if anyone thinks this then you are very close friend with those 20$ average people who should never look back!
Have a good weekend and take it easy.